World Footwear

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Steve Madden announces acquisition of BB Dakota

Aug 15, 2019 United States
Steve Madden announces acquisition of BB Dakota
After announcing the acquisition of premium sneakers brand Greats Brand, Inc. a few days ago, Steve Madden announces another addition to their portfolio
BB Dakota is a California-based contemporary women’s apparel company whose motto stands on stylish classics with an effortless attitude. Founded in 2005 by Gloria Brandes, BB Dakota products are distributed to wholesale customers, including better department stores, e-commerce retailers and specialty boutiques, as well as on bbdakota.com.

BB Dakota’s brand portfolio includes owned brands BB Dakota and Jack by BB Dakota and licensed brand Cupcakes and Cashmere. BB Dakota had net sales in the 12 months ended on the 30th of June 2019 reached approximately 43 million US dollars.

Edward Rosenfeld, Chairman and Chief Executive Officer of Steve Madden, commented: “We are pleased to complete the acquisition of BB Dakota, an apparel company known for its consistently on-trend designs. With its laser focus on product and strong track record of execution, we believe BB Dakota is a great fit for Steve Madden and provides the ideal platform to expand our brands in the apparel category.”

Gloria Brandes, Founder and CEO of BB Dakota, added: “Steve Madden and BB Dakota have a unique synergy in that they are both product driven companies whose brands have maintained a long-standing appeal with the consumer due to superior product and accessible pricing. We are tremendously excited by this dynamic partnership that will serve to jump start the Steve Madden apparel segment of this strong company and we plan to take full advantage of this opportunity for growth.”

Steve Madden, Founder, Creative and Design Chief of Steve Madden, Concluded: “BB Dakota is so in tune with the Steve Madden girl. I always thought it would be great to combine forces, and now that dream has come true. It’s a perfect match”.

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